Assumptions and Constraints in Project Management
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Assumptions and Constraints in Project Management

ByFahad Usmani, PMP

In project management, we make assumptions and constraints always limit us. They are also a part of our lives.

For example, suppose you plan to go shopping at a mall that takes one hour to reach by car.

You assumed that you would leave your home at around 6:00 pm and reach the mall by 7:00 pm.

This was your assumption. What about the constraints?

In the given example, you can think of two. The first constraint is money. If you have 500 USD in your hand, you cannot shop for more than this amount. The second constraint is the mall’s closing time; let us say it is at 10:30 pm. This means you cannot continue your shopping after that.

Project Procurement Management? Definition & Processes
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Project Procurement Management? Definition & Processes

ByFahad Usmani, PMP

In business, no two projects are ever the same.

It would be nice if every task required the same resources but that’s not going to happen. Sometimes additional manpower is needed; other projects require additional goods and services from outside vendors to get the job done.

As a result, it’s necessary to have an understanding of procurement process – or the business of going beyond the confines of your company’s everyday capabilities.

For the project managers, this is a big responsibility, as well as a huge opportunity to showcase their skills and prove that they can accomplish tasks requiring outside resources.

Although, there are numerous variables in the project procurement management, there are four specific phases that can help ensure the job is accomplished on time and on budget.

What is a Creative Brief? Definition, Examples & Templates

What is a Creative Brief? Definition, Examples & Templates

ByFahad Usmani, PMP

Today, we will discuss the creative brief, its definition, and examples and provide you with a few templates and more.  To successfully manage and complete a project, all stakeholders must know the project objectives and strategies and be on the same page from the beginning. The creative brief helps you achieve this goal.  This document…

Estimating Activity Duration in Project Management

Estimating Activity Duration in Project Management

ByFahad Usmani, PMP

Estimating activity duration is an important process to know the activity and project duration and develop the project schedule.  This process helps develop project baselines, such as cost baseline and schedule baseline. The schedule baseline is an approved version of the project schedule. Several tools help determine activity duration. The choice of tool depends on…

Residual Risks Vs Secondary Risks
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Residual Risks Vs Secondary Risks

ByFahad Usmani, PMP

I have discussed risks and risk-related terms, including secondary risks and residual risks. But I see many professionals having issues with understanding these two risks.

They think residual and secondary risks are unknown risks. We use a fallback plan for them and use the management reserve if they occur.

Please understand this: residual and secondary risks are identified risks. You will carry out the contingency plan if any identified risk occurs and apply the fallback plan if it fails. In both cases, you will use the contingency reserve because it is for identified risks.

You will use the management reserve when any unidentified risk occurs.

Total Float Vs Free Float
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Total Float Vs Free Float

ByFahad Usmani, PMP

I never thought that total float and free float were different concepts before my PMP exam preparation. I used to think they were synonymous.

While reading the Head First PMP book, I came to understand the difference between these two terms.

Total floats and free floats have an important role in the development of a network diagram. A better understanding of these terms will help you draw a network diagram and analyze a critical path.

You will see a few questions on this topic in your exam; it is an important concept.

Project Management Dependencies: Types, Examples, and Explanations
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Project Management Dependencies: Types, Examples, and Explanations

ByFahad Usmani, PMP

Today in this blog post, we will discuss project management dependencies. Project management dependencies have a key role in developing the project schedule. You cannot develop your project network diagram before determining project management dependencies among the tasks. If you are involved with project management and dealing with project planning and schedules, you must understand…

Project Cost Estimation: Examples and Techniques
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Project Cost Estimation: Examples and Techniques

ByFahad Usmani, PMP

To be successful, a project must be finished on schedule and under budget while also satisfying the standards outlined for its scope. To accomplish the goals of this project, it is necessary to perform effective project cost estimation, planning, and control. Estimating project costs allows you to more accurately establish the total cost of the…